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Smithy, must be frustrating for you that no one is reading your posts because nearly every one has you on filter. Poor little troll (-:
Man smithy you really are a clown. Since the beginning of the year the rules for Brits staying in EU countries have changed and non residents can only spend 90 consecutive days in a EU country. Now this means owners of property in the EU are making more trips than pre Brexit days. I am in the Canaries permanently at present and thousands of owners are pi??ed off about it but hey ho thanks to Brexit.
I can't speak about business travel,
but nearly all my friends are booking up next year , some are even thinking of booking a second holiday next year , although thats only a small percentage , I do think people are indeed wanting to get away for some sun , last year weather in England was ok , but this year it was awful , cannot comment on weather elsewhere in British isles as i didn't pay attention to it
not sure its all doom and gloom out there many things are returning to normal
Who are you referring to here? I assume it's your lonesome self as no one wants to go on holiday by themselves. Everyone I know is booking holidays and they are not holding back next year with more spending on their holidays to make up for lost time.
As for business. I'm flying again and most companies are allowing flights again. Video doesnt cut it in most circumstances we have all found out over the last couple of years.
All flights I have been on are pretty full, 85-95% capacity taken up.
Skier 1
new drivers [future buyers ] can be attributed to the fact that people were not having driving tests due to covid , many more learners on the road now , so that number could very well go up , also I expect more people to start going away on planes again due to the poor weather we so often have to endure , I personally want to have a holiday with more than 2 consecutive days of sunshine , but thats me
Moonman, some fair points -- but they don't stand up to scrutiny.
UK vehicle sales are down. Revenues are down. Diesel sales are down. Petrol sales are down. Vehicle production is down. New drivers (future buyers) are down. Vehicle mileage traveled per-vehicle is down (a lot). Coventry and Birmingham, the heart of the UK vehicle industry, is an economic wasteland.
Electric cars, for now, are rising (from a low base) because they are *subsidized* for billions and billions by (you) the taxpayer. It is an artificial market. My mate runs a recruitment firm -- he and his biz partner just got 2 Teslas on the business for (literally) half-price, subsidized by tens of thousands of pounds of free tax-cuts and free subsidies (free cash, basically, you hand to Tesla, in California). Free money. Free road tax. Free govt charging points. Free "fuel". You (and other taxpayers) are paying for my middle-class friend to swan around in a cheap new car :-)
And never underestimate the power of the green extremists. They are in charge now. They will push and push for higher airline taxes, plus a restriction on the number of flights (or miles) you can fly every year. The days of unlimited flying are over.
Where Birmingham and Coventry lead today, Hounslow, Gatwick, Luton and others are headed for tomorrow...
The price on Friday if it is not seven pounds does not matter with the
Money received from the share offer they are now priced at 8-10p ro 8-60p depending on if you sold your rights or took extra shares so at 6-17p today its when you intend to sell not price they are tomorrow we can all predict price like Smithy who said they would drop under 5 pounds investors invest their money and any advice on boards by people should only be taken for what they are the opinion of that poster and nothing else otherwise why would you take that advice might as well pop down to mcdonalds drive in and ask rhe person at the window what the price of EZJ Will be at Christmas after all their opinion is just as valid.
Comparing cars with airlines is a surprisingly good comparison...
UK has just about the lowest car-ownership per-head in the entire developed world. UK vehicle manufacturing has plunged from no.2 in the world in 1951 to no.17 in 2021. UK vehicle production has collapsed -40% since 2016. UK car sales have plunged -50% since 2016. Total UK vehicle miles driven per-motorist have plunged -20% since 2001. UK is going post-car.
And post-aviation. Covid is the first nail in the aviation coffin. Green extremism will be the second. Metaverse the third. The UK aviation industry is shrinking.
A lot of folks in denial here.
Heathrow has plunged from no.1 to no.22 in less than a decade. Luton is propped up by the taxpayer, like an old Soviet airport. RR share price has collapsed -70%. EZJ share price has already plunged by more than half. Green extremists are going to push in the future (never-ending) for always-higher airline taxes and consumer limits on annual flights taken per-person. Vaccine passports are going to create a two-tier society that excludes 10-20% of the population from flying. Younger people are going to take their holiday breaks in the 3D metaverse,not on a beach. The market is shrinking.
UK is going post-aviation. The golden era is over.
I really don't think this is thought through, the share has not plunged by 60% when you consider RI, it's simply not true. The UK aviation infrastructures are second to none and although the UK should be very careful with its home grown companies like EZJ and has seriously hindered its recovery; aviation will not disappear in the UK. We are more than most depending on a strong aviation presence. The potential is huge and secured BUT not necessarily for British companies, this government is dangerously useless. Companies worldwide are buying aircrafts and have started hiring pilots everywhere, it's not to fly them empty or for free.
Very, very sad to see the decline of the UK aviation industry.
Heathrow in 2013 was the world's no.1 busiest airport... now, it is no.22 in 2021 and plunging fast! A stunning collapse.
Meanwhile, EZJ shares have plunged an incredible -60% since 2015 and continue to glow red most days.
UK is in post-aviation decline.
Like factories and mines before them, UK airports, airlines, and tourism firms are now dying.
Sad times.
Comment from people actually in the industry which might be useful for investors on this board is being drowned out by the peurile postings from northscot, attacking anyone who attempts to discuss actual issues and credible prospects for easyjet. The following Heathrow news story shows just how far the aviation is behind in terms of returning to 'normality'.
https://www.bbc.co.uk/news/business-59047792
The boss of Heathrow Airport has warned air traffic may not recover completely until at least 2026 despite signs of huge pent up demand for travel. John Holland-Kaye told the BBC that Britain's busiest airport was still making losses even though international travel rules were easing.
He also hit back at the aviation regulator for limiting a rise in what it charges airlines for using Heathrow. Airlines at Heathrow make a good return and investors want the same, he said.
Mr Holland-Kaye said the airport was still only seeing passenger traffic at around 45% of 2019 levels. "It's definitely been a tough 18 months but we are starting to see the recovery coming through," he told the BBC's Today programme.
"Now all we need to see is stability in the travel rules, so people are confident of what we need to do and the airlines can build it into their systems." The airport has faced criticism about long queues and its ability to cope with a growth in passengers. But he said: "We are hiring people right now to make sure that across the airport we can meet the demand that is starting to come through.
"We're still at around 40% to 45% of the levels even on the busiest days of where we were back in 2019."
The recovery continues but costs are high and easy's debt is at record levels. This business once made £300m+ annually but with the loss of business customers (due to increased use of skype/zoom and pressure on business expenses generally) and higher charges from airports and fuel costs, what will be the annual level of profit when easy eventually gets back to 'normality'. My guess is that we are at least a year away from breakeven and then two years from now maybe half the profits that easy used to make (ie £150m). On a price/earnings basis that might suggest the market cap for the business could be 10-15 times earnings AFTER easy has proven it can get there. So maybe £4 in two years time. In the meantime, a slow decline to below that level.